SENATE 


73d Congress'! 
2d Session J 


/Document 
l No. 145 


OPERATIONS OF THE 
HOME OWNERS’ LOAN CORPORATION 


LETTER 

FROM 

THE CHAIRMAN OF THE 

U.5, FEDERAL HOME LOAN BANK BOARD 

*» 

TRANSMITTING 

IN RESPONSE TO SENATE RESOLUTION No. 148 CERTAIN 
INFORMATION CONCERNING THE OPERATIONS 
OF THE HOME OWNERS’ LOAN CORPORATION 



February 20 (calendar day, February 27), 1934.—Ordered_to 

lie on the table and be printed 

r — 

UNITED STATES 

GOVERNMENT PRINTING OFFICE 
WASHINGTON: 1934 
























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UBRAFY cr CONGKESS 

peer 

MAR 211934 

division of documents 




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Federal Home Loan Bank Board,, 

Washington, February 24, 1984. 

Hon. Edwin: A. Halsey, 

Secretary Senate of the United States, 

Washington, D.C. 

Sir: In accordance with Senate Resolution No. 148, I am handing 
you herewith report giving the information asked for in said resolution, 
as of the close of business, January 15, 1934. 

Respectfully submitted. 

John H. Fahey, 

Chairman. 


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INDEX 


Page 

1. List of State and district offices and branch agencies, Home Owners’ 

Loan Corporation, listed by States___ 3 

2. Schedule showing annual salaries paid State managers, State attorneys, 

and State chief appraisers of the Home Owners’ Loan Corporation, 

as of January 15, 1934_ 12 

3. Number of employees, Home Owners’ Loan Corporation, as of January 

15, 1934, listed by States_ 13 

4. Summary of expenditures, of home office and State offices of Home 

Owners’ Loan Corporation, from date of opening to January 15, 

1934___ 14 

5. Schedule showing applications received, applications withdrawn, net 

applications to be considered, applications rejected, applications 
tentatively approved, and applications in process of consideration, 
not approved, and not rejected, as reported by State managers of 
Home Owners’ Loan Corporation, as of January 19, 1934_ 16 

6. Loans reported closed by State managers, Home Owners’ Loan Cor¬ 

poration, as of January 19, 1934_ 18 

7. Schedule showing number of employees, by States of residence, em¬ 

ployed in the central office of the Home Owners’ Loan Corporation 
at Washington, D.C., as of January 15, 1934_ 19 

8. Authorized capital stock of the Home Owners’ Loan Corporation, 

Washington, D.C___ 19 


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REPORT OF OPERATIONS OF 
HOME OWNERS’ LOAN CORPORATION 
FROM DATE OF OPENING TO JANUARY 15, 1934 
SUBMITTED IN COMPLIANCE WITH 
SENATE RESOLUTION 148 


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State and District Offices and Branch Agencies, Home Owners* 

Loan Corporation, Listed by States 

ALABAMA 

State office, Birmingham; address, 517 North Twenty-second 
Street. 

District office, Montgomery; address, Bell Building, room 115. 
District office, Mobile; address, Customs Building. 

Agency, Tuscaloosa; address, Tuscaloosa, Ala. 


ARIZONA 


State office, Phoenix; 
Monroe Street. 


address, Professional Building, 15 East 

ARKANSAS 


State office, Little Rock; address, Donaghey Building, Sixth and 
Main Streets. 

District office, Jonesboro; address, American Trust Building, Main 
and Washington. 

District office, Fort Smith; address, Merchants National Bank 
Building. 

District office, Texarkana; address, City Hall. 

District office, Pine Bluff, address; Simmons National Bank Build¬ 
ing, Main Street. 

CALIFORNIA 


State office, Los Angeles; address, R. A. Rowan Building, Fifth 
and Spring Streets. 

District office, Los Angeles; address, R. A. Rowan Building. 

District office, San Francisco; address, City Hall. 

District office, Oakland; address, Security Building, Eleventh and 
Broadway. 

District office, Sacramento; address, Federal Building. 

District office, Fresno; address, 1146 Fulton Street. 

District office, San Diego; address, 1030 Sixth Avenue. 


COLORADO 

State office, Denver; address, Customs Building, Nineteenth and 
Stout. 

District office, Colorado Springs; address, 221 Federal Building, 
201 East Pikes Peak Avenue. 

District office, Pueblo; address, 201 Federal Building, Fifth and 
Main Streets. 

District office, Grand Junction; address, 309 Federal Building, 402 
Rood Avenue. 

S.Doc. 145, 73-2 


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3 



4 


OPERATIONS OF HOME OWNERS’ LOAN CORPORATION 


CONNECTICUT 

State office, New Haven; address, 301 Hall of Records Building. 
District office, Waterbury; address, Post Office Building. 

District office, Hartford; address, Post Office Building. 

District office, Bridgeport; address, Stratfield, Hotel Building, 1241 
Main Street. 

District office, New London; address, 330 State Street. 

District office, New Britain; address, Post Office Building. 

District office, Stamford; address, Stamford, Conn. 

DELAWARE 

State office, Wilmington; address, Odd Fellows Hall Building. 
District office, Dover; address, State Street. 

District office, Georgetown; address, Georgetown. 

DISTRICT OF COLUMBIA 

State office, Washington; address, Shoreham Building, 810 Fifteenth 
Street NW. 

FLORIDA 

State office, Jacksonville; address, Graham Building. 

District office, Tampa; address, First National Bank Building. 
District office, Miami; address, Old Federal Building. 

District office, Orlando; address, Phillips Building, North Orange 
and Washington. 

District office, Pensacola; address, Brent Building, 17K South 
Palafox. 

District office, Tallahassee; address, Telephone Building. 

District office, Bartow; address, Florida National Bank Building. 
District office, West Palm Beach; address, Guaranty Building. 

GEORGIA 

State office, Atlanta; address, Western Union Building, Marietta 
Street (58). 

District office, Savannah; address, Citizens A Southern National 
Bank. 

District office, Macon; address, City Hall. 

District office, Albany; address, Davis Exchange National Bank 
Building. 

Agency, Augusta; address, Augusta. 

Agency, Rome; address, Rome. 

Agency, Macon; address, Columbus. 

IDAHO 

State office, Boise; address, Federal Building. 

ILLINOIS 

State office, Chicago; address, Metropolitan Building, 134 North 
LaSalle Street. 

District office, Peoria; address, 208 Federal Building. 

District office, Rockford; address, Federal Building. 



OPERATIONS OF HOME OWNERS’ LOAN CORPORATION 


District office, Moline; address, 501 Fifteenth Street. 

District office, East St. Louis; address, East St, Louis. 

District office, Champaign; address, 312% North Hickory Street. 
District office, Harrisburg; address, Springfield. 


INDIANA 

State office, Indianapolis; address, Farmers' Trust Building. 
District office, Evansville; address, Old Mercantile Bank Building. 
District office, Fort Wayne; address, Federal Building. 

District office, South Bend; address, New Federal Building. 
District office, Terre Haute; address, 718 Ohio Street, 

District office, Hammond; address, Mercantile Bank Building, 
5243 Hohman Street. 

District office, Richmond; address, 35 North Ninth Street. 

Agency, New Albany; address, New Albany. 

IOWA 

State office, Des Moines; address, Federal Office Building. 

District office, Davenport; address, Citizens Bank Building. 
District office, Dubuque; address, Federal Building. 

District office, Fort Dodge; address, 619 Central Avenue. 

District office, Sioux City; address, Commercial Building. 

KANSAS 

State office, Topeka; address, New England Building. 

District office, Chanute; address, Fidelity Bank Building. 

District office, Safina; address, North Seventh Street. 

District office, Wichita; address, 506 Schweister Building. 

A.- - in. 

KENTUCKY 

State office, Louisville; address, 231 South Fifth Street. 

District office, Paducah; address, City National Bank Building. 
District office, Lexington; address, Security Trust Building. 
District office, Covington; address, First National Bank Building. 
District office, Ashland; address, Ashland, Ky. 

' • ’ ’ - • •, i ■• • •• ' • 

LOUISIANA 

State office, New Orleans; address, Louisiana Bank Building, Camp 
and Gravier Streets. 

• District office, Shreveport; address, 216 Milan Street. 

District office, Baton Rouge; address, 311 Post Office Building. 
District office, Lake Charles; address, Majestic Hotel Building. 
District office, Monroe; address, 305 Ouichita National Bank Build¬ 
ing. 

District office, Alexandria ; address, Guaranty Trust Co. Building. 

t ; ! f • 

MAINE 

State office, Waterville; address, Professional Building, 179 Main 
Street. 

District office, Portland; address, 110 Exchange Street. 

District office, Lewiston; address, 215 Lisbon Street. 

District office, Bangor; address, Coe Building, 61 Main Street. 


6 


OPERATIONS OF HOME OWNERS’ LOAN CORPORATION 


MARYLAND 

State office, Baltimore; address, 301 Post Office Building, Calvert 
Street. 

District office, Cumberland; address, Post Office Building. 

District office, Hvattsville; address, Metropolitan Building. 
District office, Easton; address, Masonic Building. 

District office, Towson; address, 103 W@st Chesapeake Street, 


MASSACHUSETTS 

State office, Boston; address, Shawmut Bank Building, 82 Devon¬ 
shire Street. 

District office, Fall River; address, Federal Building. 

District office, Springfield ; address, 420-433 Federal Building. 
District office, Lawrence; address, Post Office Building. 

District office, Worcester; address, Federal Building. 

Agency, Chelsea; address, County Savings Bank Building. 

Agency, Walden; address, 514 Dowling Building. 

Agency, Woburn; address, Lovell Hall. 

Agency, Somerville; address, Highland Trust Co. Building. 

Agency, Waltham; address, Flynn Building. 

Agency, Newton; address, 316 Washington Street. 

Agency, Dorcliester-Uphams Corner; address, 698 Columbia Road. 
Agency, Quincy; address, Chamber of Commerce Building. 

Agency, Brockton; address, Marston Building. 

Agency, Farmingham; address, Post Office Building. 

Agency, Salem; address, Federal Building. 

Agency, Lynn; address, Lynn Morris Plan Bank Building. 

Agency, New Bedford; address, Central Post Office Building. 
Agency, Taunton; address, Federal Building. 

Agency, Greenfield; address, Mitchelman Building. 

Agency, Pittsfield; address, Post Office Building. 

Agency, Lowell; address, Post Office Building. 

Agency, Fitchburg; address, Post Office Building. 

MICHIGAN 

State office, Detroit; address, 1615 Barium Tower Building. 
District office, Battle Creek; address, 626 Post Office Building. 
District office, Grand Rapids; address, 202 Federal Building. 
District office, Saginaw; address, 223 Goff Building. 

District office, St. Ignace; address, First National Bank Building. 

MINNESOTA 

State office, St. Paul; address, 616 Bremer Arcade. 

District office, Duluth; address, Federal Building. 

District office, Minneapolis; address, 620 Metropolitan Life 
Building. 

District office, St. Paul; address, 618 Bremer Arcade. 


MISSISSIPPI 


State office, Jackson; address, New Merchants Bank Building. 
District office, Greenwood; address, 109 Fulton Street. 


OPERATIONS OF HOME OWNERS 7 LOAN CORPORATION J 

District office, New Albany; address, Court House, Bankhead 
Street. 

District office, Meridian; address, Threefoot Building. 

District office, Hattiesburg; address, Connecticut Building. 

MISSOURI 

State office, St. Louis; address, 903 Buder Building. 

District office, Kansas City; address, 210 R. A. Long Building. 
District office, Springfield; address, 8 Federal Building. 

, District office, Moberly; address, Library Building, 11 North 
Fourth Street. 

MONTANA 

State office, Great Falls; address, Wade-George Building. 

District office, Butte; address, Federal Building. 

NEBRASKA 

State office, Grand Island; address, Yancey Hotel. 

District office, Omaha; address, 818 World-Hearld Building. 
District office, Lincoln; address, Sharp Building. 

District office, Norfolk; address, 527 Norfolk Avenue. 

District office, Seottsbluff; address, 1502 Broadway. 

NEVADA 

State office, Reno; address, Arcade Building. 

District office, Las Vegas; adclress, Fremont Street. 

District office, Elko; address. Post Office Building. 

NEW HAMPSHIRE 

State office, Manchester; address, 1028 Elm Street. 

NEW JERSEY 

State office, Trenton; address, Post Office Building. 

District office, Jersey City; address, 921 Bergen Avenue. 

District office, Newark; address, U.S. Trust Building. 

District office, Newark; address, 25 Linden Street. 

District office, Camden; address, Post Office Building. 

District office, Hackensack; address, Mercer and Main Streets. 
District office, Atlantic City ; address, 1421 Atlantic Avenue. 
District office, New Brunswick; address, 290 George Street. 

State office (wholesale operation), Newark; address, 25 Linden 
Street. 

Branch office, (wholesale operation), Atlantic City; address, 513 
Schwehun Building. 

Branch office (wholesale operation), Camden; address, 302 West 
Jersey Trust Building. 

NEW MEXICO 

State office, Albuquerque; address, Federal Building. 

District office, Roswell; address, Chaves County Court House. 
District office, Las Cruces; address, Temple of Agriculture. 


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8 


OPERATIONS OF HOME OWNERS’ LOAN CORPORATION 


District office, Las Vegas; address, 901 Douglas Street. 

District office, Raton; address, 100 Second Street. 

District office, Silver City; address, Broadway and Cooper Streets. 
District office, Clovis; address, 113 West Fourth Street. 

District office, Gallup; address, Gallup, N.Mex. 

NEW YORK 

State office, New York; address, 401 Empire State Building. 
District office, Metropolitan District, Kings County; address 271 
Washington Street, Brooklyn, N.Y. 

District office, Metropolitan District, Bronx County; address, 391 
East One Hundred and Forty-ninth Street, Bronx, N.Y. 

District office, Metropolitan District, Queens County; address, 
153-11 Jamaica Avenue, Jamaica, N.Y. 

District office, Metropolitan District, Westchester County; address, 
New County Building, Westchester, N.Y. 

District office, Mineola County; address, 451 Franklin Avenue, 
Mineola, L.I. 

District office, Richmond County; address, Post Office Building, 
Staten Island, N.Y. 

District office, Albany; address, 38 North Pearl Street. 

District office, Buffalo ; address, Liberty Bank Building. 

Agency, Binghamton; address, Knickerbocker Building. 

Agency, Utica; address, Federal Building. 

Agency, Troy; address, Post Office Building. 

Agency, Schenectady; address, City Hall. 

Agency, Poughkeepsie; address, Post Office Building. 

Agency, Syracuse; address, Federal Building. 

Agency, Newburgh; address, Post Office Building. 

Agency, Lockport; address, Post Office Building. 

Agency, Jamestown; address, Post Office Building. 

Agency, Rochester; address, 44 Federal Building. 

NORTH CAROLINA 

State office, Salisbury; address, Post Office Building. 

District office, Raleigh; address, Wachovia Bank Building. 

District office, Asheville; address, 31 Market Street. 

District office, Greenville; address, Federal Building. 

District office, Gastonia; address, Gastonia, N.C. 

NORTH DAKOTA 

State office, Fargo; address, Federal Building. 

District office, Grand Forks; address, American Building. 

District office, Minot; address, Federal Building. 

District office, Bismarck; address, Federal Building. 

OHIO 

State office, Columbus; address, 21 East State Street. 

District office, Columbus; address, 180 North Hight Street. 
District office, Cincinnati; address, 414 Keith Building. 

.. • . l . ' • i.) ; ' 


OPERATIONS OF HOME OWNERS’ LOAN CORPORATION 9 

District office, Cleveland; address, West Sixth and Superior Streets. 
District office, Toledo; address, 234 Superior Street. 

District office, Akron; address, Trumbull Savings and Loan 
Building. 

Subdistrict office, Cincinnati; address, 414 Keith Building. 
Subdistrict office, Cleveland; address, Williamson Building. 
Subdistrict office; Toledo address, Northwest Savings Building. 
Agency, Clark-Madison; address, Springfield, Ohio. 

Agency, Logan-Union; address, Urban a, Ohio. 

Agency, Green-Fayette; address, Xenia, Ohio. 

Agency, Asliland-Richland-Knox; address, Mansfield, Ohio. 
Agency, Perry-Fairfield-Hacksing; address, Lancaster, Ohio. 
Agency, Jackson-Galia-Lawrence; address, Ironton, Ohio. 

Agency, Athens Win ton-Meigs; address, Athens, Ohio. 

Agency, Washing tondVtorgan-Muskingum; address, Zanesville, 
Ohio. 

Agency, Guernsey-Noble-Monroe; address, Cambridge, Ohio. 
Agency, Coshocton-Licking-Delaware; address, Newark, Ohio. 
Agency, Montgomery; address, Dayton, Ohio. 

Agency, Butler-Preble; address, Hamilton, Ohio. 

Agency, Scioto-Pike-Adams; address, Portsmouth, Ohio. 

Agency, Clinton-Warren-Highland-Brown; address, Wilmington, 
Ohio. 

Agency, Ashtabula; address, Ashtabula, Ohio. 

Agency, Lake; address, Painsville, Ohio. 

Agency, Fulton-Henry-Putnam; address, Napoleon, Ohio. 

Agency, Allen, Mercer-Anglaize; address, Lima, Ohio. 

Agency, Slielby-Daike-Miami; address, Sidney, Ohio. 

Agency, Williams-Defiance-Paulding-Van Wert; address, Defiance, 
Ohio. 

Agency, Marion-Morrow-Crawford; address, Marion, Ohio. 
Agency, Hancock-Wyandot-Harkin; address, Finlay, Ohio. 

Agency, Huron-Erie; address, Sandusky, Ohio. 

Agency, Seneca-Sandusky; address, Tiffin, Ohio. 

Agency, Columbian-Carroll; address, East Liverpool, Ohio. 

Agency, Trumbull; address, Warren, Ohio. 

Agency, Mahoning; address, Youngstown, Ohio. 

Agency, Lorain; address, Lorain, Ohio. 

Agency, Starke-Tuscarawas-Holmes-Wayne; address, Canton, Ohio. 
Agency, Jefferson-Harrison-Belmont; address, Steubenville, Ohio. 
Agency, special wholesale; address, Columbus, Ohio. 

Special wholesale agency, Cincinnati; address, Cincinnatti, Ohio. 
Special wholesale agency, Toledo; address, Toledo, Ohio. 

Special wholesale agency, Cleveland; address, Cleveland, Ohio. 
Special wholesale agency, Akron; address, Akron, Ohio. 

OKLAHOMA 

State office, Tulsa, address, Fourth and Boulder Streets. 

District office, Oklahoma City; address, Perrine Building. 


10 


OPERATIONS OF HOME OWNERS’ LOAN CORPORATION 


OREGON 

State office, Portland; address, Post Office Building. 

District office, Eugene; address, Miner Building. 

District office, Klamath Falls; address, Federal Building. 

District office, La Grande; address, Federal Building. 

PENNSYLVANIA 

State office, Philadelphia; address, Schaff Building,, Fifteenth and 
Race Streets. 

District office, Scranton, address, Federal Building. 

District office, Harrisburg; address, Allison Hill Trust Building. 
District office, Pittsburgh; address, Benodum Trees Building. 
District office, Philadelphia; address, Schaff Building. 

District office, Erie; address, 14 East Eighth Street.. 

RHODE ISLAND 

State office, Providence; address, Hospital Trust Building.. 
District office, AVoonsocket; address, 285 Main Street. 

District office, West Warwick; address, 1 Pleasant Street. 

District office, Westerly; address, 211 Lincoln Building. 

District office, Warren; address, Post Office Building. 

District office, Newport ; address, Post Office Building. 

SOUTH CAROLINA 

State office, Columbia; address, National Loan and Exchange' 
Building. 

District office, Spartanburg; address, Montgomery Building. 
District office, Greenville; address, Palmetto Building. 

District office, Charleston; address, Peoples Office Building. 

SOUTH DAKOTA 

State office, Sioux Falls; address, Federal Building. 

District office, Rapid City; address, Courthouse Building. 

TENNESSEE 

State office, Nashville; address, Stahlman Building. 

District office, Memphis; address, Memphis, Tenn. 

District office, Chattanooga ; address, Post Office Building. 

District office, Knoxville; address, Post Office Building. 

TEXAS 

State office, Dallas; address, City National Bank Building. 

District office, Amarillo; address, Amarillo Building. 

District office, Houston; address, 1306 Rusk Street. 

District office, San Antonio; address, Frost National Bank Building.. 

UTAH 

State office, Salt Lake City; address, Boston Building. 

District office, Ogden; address, 86 North University Avenue., 
District office, Provo; address, 86 North University Avenue.. 


'OPERATIONS OF HOME OWNERS’ LOAN CORPORATION 


11 


VERMONT 

State office, Rutland; address, Federal Building. 

District office, Proctorsville; address, Fraternal Building. 

District office, Burlington; address, City Hall. 

District office, Montpelier, address, Blanchard Black. 

VIRGINIA 

State office, Richmond; address, Richmond Trust Building. 
District office, Richmond; address, Richmond Trust Building. 
District office, Danville; address, 318-319 Municipal Building. 
District office, Harrisonburg; address, National Bank Building. 
District office, Alexandria; address, Post Office Building. 

District office, Norfolk; address, 406 Southeast Plume Street. 
District office, Roanoke; address, Federal Building. 

District office, Bristol; address, Dominion National Bank Building. 
District office, Lynchburg, address, Federal Building. 

WASHINGTON 

State office, Seattle; address, 1411 Fourth Avenue Building. 
District office, Spokane; address, 310-311 Columbia Building. 
District office, Tacoma; address, 237-238 Perkins Building. 

WEST VIRGINIA 

State office, Charleston; address, Masonic Temple Building. 
District office, Bluefield; address, Law and Commerce Building. 
District office, Wheeling; address Riley Law Building. 

District office, Martinsburg; address, Wiltshire Building. 

District office, Huntington; address, Lecco Building. 

.Agency, Fairmont; address, Fairmont, W.Va. 

WISCONSIN 

* . '■* < • 

State office, Madison; address, First Bank of Wisconsin Building, 
1 West Main Street. 

District office, Madison; address, 1 West Main Street. 

District office, Milwaukee: address, Federal Building. 

District office, Eau Claire; address, Federal Building. 

District office, Wausa; address, Federal Building. 

District office, Oshkosh; address, Federal Building. 

WYOMING 

State office, Casper; address, 321-326 Producers and Refiners Build¬ 
ing. 

District office, Cheyenne; address, 406-408 Boyd Building. 

HAWAII 

Territorial office, Honolulu; address, Federal Building. 

District office, Hilo; address, Hilo, Hawaii. 

District office, Liliue; address, Lihue, Hawaii. 

District office, Wialuku; address, Wialuku, Hawaii. 


12 


OPERATIONS OF HOME OWNERS’ LOAN CORPORATION 


Schedule showing annual salaries paid Slate managers, State attorneys, and State 
chief appraisers of the Home Owners' Loan Corporation, as of Jan. 15, 1934 


State 

State 

manager 

State 

attorney 

State 
chief ap¬ 
praiser 

Alabama..._... _.. .... 

$5, 000 

$3, 600 

$3, 600 

Arizona_ _ _ __ __- __ . _ 

4, 500 

3, 000 

3,000 

Arkansas_ ____ ...... 

5, 000' 

4,000 

2, 400- 

California_ __ __- - _ - - - 

7,500 
5, 000 

4,000 

5, 500 

Colorado___ __-... ...... 

3,600 

3,000 

Connecticut______ ___ 

5,000 

4,500 

3, 500 

3, 500 

Delaware.._ _. _ _ . __ . __ 

3, 500 

2, 000 

District of Columbia________ _ _ 

6, 000 
5,000 
5,000 
4, 500 

2, 400 

3, 000 

Florida.. _ _____ . .. .. _ 

3, 000 

3. 600 

Georgia..._____ _____ . . 

4, 800 

3, 600 

Idaho . _ _ . . _ _ _ _ _ 

3, 000 

3,000 

Illinois__ _ _ 

Indiana 

---- 

7,500 
6,000 
5,000 
5,000 
5, 000 
5,000 
4, 500 

4,200 
4, 200 

4, 2001 
4,200 

Iowa.. ..... .. _ . . ... 

3,600 

3, 000 

Kansas. .. _ ____ ___ _ 

3, 300 
4,.000 
3, 600 
2,750 
3, 600 

3, 300 

Kentucky _ _ _ .. _ _____ _ 

3,000 

Louisiana_ .. . __ _ . .. . 

Maine. _ . _ 

---... 

3, 600 
2, 500 

Maryland... ... _ . _ .. . ... _ . 

5, 000 
7, 500 

6, 000 
5,000 
5,000 
6,000 
4; 500 
5,000 
4, 500 

3,000 

Massachusetts.. .. _____ __ 

4. 500 

4,000 

Michigan .. .. _ . . . . ... _ ____ 

6,000 
4,000 
3, 600 

3, 600 

Minnesota_ __ ___ __ __ 

3, 600 

Mississinni _ . _ _ ... .. _ _ 

3,000 

Missouri.*._ _ 

Montana. 

--- 

3; 600 
3,000 
3,600 
3,000 

3, 600 

2, 400 

3, 600 

Nebraska_____ __ __ .. 

Nevada.___ ___ . . 

2, 400 

3, 500 

New Hampshire______ __ ... . 

4 ; 500 

6, 000 

4, 500 

3; 500 
4,000 
3,000 
8,000 

3, 600 

3.. 000 
5,000 

4.. 200 
3,000 

4, 500 

3, 000 

New Jersey________ _ .. 

4,000 

2, 400 

3, 200 

New Mexico_ _____ _ .. . 

New York_ _ 

8, 500 

North Carolina.. ... _ __ ___ 

5,000 

4', 500 

3,000 

2, 400 
4,000 

3, 600 
3,000 
4,000 
4,000 
2,400 
3,000 
3,000 
3, 600 

North Dakota _ _ _ . _ 

Ohio.......I . 

Oklahoma . _ _ 

--- 

6,000 
5,000 
5,000' 
8, 500 
5,000 
5,000 
4,500 

5, 000 
6,000 

4, 500 

Oregon.. .... _ ... _ ......... . _ .... 

Pennsylvania... ... . _ . . 

Rhode Island..__ ____ . _ 

South Carolina__ _ . . __ ... 

3,600 

3,.600 
3,000 

4, 800 
4,000 

2, 500 

3, 000 
3,000 

3, 600 

3; 600 

3, 400 
3,600 

South Dakota........ . . .... . 

Tennessee.... . . ... . .. _ . 

Texas_______ 

Utah. __ ___ __ ____ 

2,500 
2, 500 

2, 700 

3, 000 

Vermont........... 

4, 500 

5, 000 
5.000 

5, 000 
5,000 

4, 500 
5,000 

Virginia. ..... . . .... . ... 

Washington___ _____ 

West Virginia___ ___ __ 

3,000 
3, 600 
2,750 
3, 00C 1 

Wisconsin.-. . ___ _ . __ . ... .. . 

Wyoming..... ... . ... .. 

Hawaii......... . 



































































OPERATIONS OF HOME OWNERS’ LOAN CORPORATION 13 

Number of employees, Home Oivners’ Loan Corporation, as of Jan. 15, 1934, as 

listed by States 


Alabama_ 139 

Arizona_ 35 

Arkansas_ 89 

California_ 459 

Colorado_ 56 

Connecticut_ 129 

Delaware_ 15 

District of Columbia_ 29 

Florida_ 120 

Georgia_ 166 

Idaho_ 30 

Illinois_ 268 

Indiana_ 154 

Iowa_ 110 

Kansas_ 68 

Kentucky_ 65 

Louisiana_ 67 

Maine_ 27 

Maryland_ 120 

Massachusetts_ 260 

Michigan_ 984 

Minnesota_ 154 

Mississippi_ 96 

Missouri i_ 130 

Montana_ 61 

Nebraska_ 99 


Nevada_ 17 

New Hampshire_ 24 

New Jersey_ 204 

New Mexico_ 53 

New York_ 478 

North Carolina_ 103 

North Dakota_ 60 

Ohio_ 471 

Oklahoma_ 245 

Oregon_ 33 

Pennsylvania_ 351 

Rhode Island_ 40 

South Carolina_ 60 

South Dakota_ 38 

Tennessee_ 87 

Texas_ 194 

Utah_ 43 

Vermont_ 21 

Virginia_ 135 

Washington_ 51 

West Virginia_ 103 

Wisconsin_ 192 

Wyoming_ 20 

Hawaii_ 27 


Total_ 6, 980 























































Summary oj expenditures of home office and State offices of Home Owners' Loan Corporation from date of opening to Jan. 15, 1934. 


14 


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18 OPERATIONS OF HOME OWNERS y LOAN CORPORATION: 


Loans reported closed by State managers, Home Owners’ Loan Corporation, as of 

Jan. 19, 1934. 


State 

Bond loans 

Cash loans 

Total of all loans 

Number 

Amount 

Number 

Amount 

Number 

Amount 

Alabama.- ... 

1,161 

$3,060, 265 

87. 

$47^.230. 

L2.48 

$3,107, 995. 

Arizona..... 

267 

833, 829 

2 

1,196 

269 

835, 025 

Arkansas.... 

940 

1,854, 195 

11 

9, 385 

951 

1, 863, 580 

California____ 

2,923 

8, 667, 381 

50 

27,210 

2,973 

8, 694, 591 

Colorado..__ 

538 

1, 095, 907 

38 

1.7, 284 

576 

1,113,191 

Connecticut__ 

1,159 

5, 422, 867 

L 

418 

1, 160 

5, 423, 285 

Delaware___ 

122 

360,171 

5 

5, 67.6 

127 

365, 847 

District of Columbia... .. 

122 

716, 718 

2 

3,159 

124 

719, 877 

Florida_ 

1, 566 

4,117,039 

251. 

257, 279 

1, 817 

4, 374, 318 

Georgia .. ... 

747 

1,859,105 

33 

24, 023 

780 

1, 883,128 

Idaho_ .. _ 

265 

466, 949 

2 

852 

267 

467, 801 

Illinois____ 

690 

2, 973, 621 

3 

2, 500 

693 

2, 976, 121 

Indiana__ _ ... 

2, 308 

5,184, 801 

11. 

3, 331 

2,319 

5, 188,132 

Iowa..... 

180 

357,124 

4 

3, 523 

184 

360, 647 

Kansas___ _ 

1,313 

2,434, 651 

57 

29, 028 

1, 370 

2. 463, 679 

Kentucky_ 

935 

3,090,025 

2 

u 124 

937 

3, 091,149 

Louisiana.. _ 

525 

1, 434, 864 

30 

27,182 

000 

1,462,046 

Maine.. _ 

61 

156,155 

3 

4,469 

64 

160, 624 

Maryland__ _ 

1,479 

4, 387, 260 

112 

91, 428 

1,591 

4, 478, 688 

M assachusetts. .. 

1,806 

7, 602, 745 

2 

3, 846 

1,808 

7, 606, 591 

Michigan_ _ ... 

3, 934 

11, 556, 754 

21 

20,395 

3, 955 

11,577,149 

Minnesota_ 

1,004 

2, 476, 567 

8 

2, 652 

1,012 

2, 479, 219 

Mississippi___ . 

525 

1, 230, 720 

7 

13, 369 

532 

1,244,089 

Missouri... 

1,208 

3, 571, 636 

38 

45, 564 

1,246 

3, 617, 200 

Montana. .. 

318 

772, 590 

31 

26, 275 

349 

798, 865 

Nebraska_____ 

901 

1,841,185 

7 

6, 275 

908 

1, 847, 460 

Nevada_ __ 

112 

335, 819 

10 

18, 333 

122 

354, 152 

New Hampshire____ 

147 

357, 378 

8 

4, 262 

155 

361,640 

New Jersey.... 

567 

2, 553, 506 

0 

0 

567 

2, 553, 506 

New Mexico..... 

261 

621, 512 

3 

2,225 

264 

623, 737 

New York___ 

593 

3,113, 257 

0 

0 

593 

3,113, 257 

North Carolina... 

538 

1, 794, 276 

91 

84, 401 

629 

1,878, 677 

North Dakota... 

349 

935,927 

5 

3, 477 

354 

939, 404 

Ohio. _ 

10, 097 

30, 503, 249 

34 

16, 082 

10,131 

30, 519, 331 

Oklahoma... 

1,336 

3, 344,102 

25 

20,061 

1,361 

3, 364,163 

Oregon_ _ 

665 

1, 336,057 

9 

15,042 

674 

1,351,099 

Pennsylvania.... 

3,145 

8,199, 231 

L19 

101,433 

3, 264 

8 , 300, 664 

Rhode Island__ 

37 

151,170 

1. 

1,566 

38 

152, 736 

South Carolina... 

705 

1,704,864 

3 

5, 280 

708 

1, 710, 144 

South Dakota.. .. 

438 

956, 922 

10 

9,209 

448 

966,131 

Tennessee___ 

833 

2, 218, 276 

62 

58,473 

895 

2, 276, 749 

Texas...... 

1,892 

4, 768,543 

54 

78, 691 

1,946 

4,847, 234 

Utah.. ___ 

700 

1,747, 543 

3 

1, 033 

703 

1,748, 576 

Vermont_ 

168 

480,863 

0 

0 

168 

480, 863 

Virginia..... 

1,038 

3,690, 830 

57- 

1*2,195' 

1;095 

3, S03,02JT 

Washington_ 

1, 201 

2,357, 413 

45 

26, 961 

1,246 

2, 384, 374 

West Virginia... 

760 

2,141, 788 

8 

9, 233 

768 

2,151.021 

Wisconsin___ 

1,305 

4, 633, 819 

10 

5, 492 

1,315 

4. 639, 311 

Wyoming.... 

87 

278, 214 

3 

2,803 

90 

281,017 

Total....... 

53,971 

155, 749, 683 

1,378 

1,251,425 

55, 349 

157,001. 108 











































































OPERATIONS OF HOME OWNERS’ LOAN CORPORATION 


19 


-Schedule shewing number of employees by States of residence , employed in the 
central office of the Home Owners 1 Loan Corporation at Washington, D.C., as of 
January 15, 193A 


Number 


Alabama_ 7 

Arizona_ 1 

Arkansas_ 5 

California_ 1 

Colorado __ 3 

Connecticut_ 4 

District of Columbia_ 99 

Florida_ 16 

Georgia_ 17 

Honolulu_ 2 

Illinois_ 14 

Indiana_ 11 

Iowa_ 5 

Kansas_ 10 

Kentucky_ 5 

Louisiana_ 3 

Maine_ 2 

Maryland_ 60 

Massachusetts_ 13 

Michigan_ 8 

Minnesota_ 5 


Number 


Mississippi___ 11 

Missouri_ 6 

Nebraska_ 7 

New Hampshire_ 1 

New Jersey_ 12 

New Mexico_ 1 

New York_ 52 

North Carolina_ 24 

Ohio_ 12 

Oklahoma_ 2 

Pennsylvania_ 15 

Rhode Island_ 1 

South Carolina_ 8 

Tennessee_ 14 

Texas_ 12 

Utah_ 7 

Virginia_ 37 

West Virginia_ 7 

Wisconsin_ 1 


Total_ 521 


Authorized capital stock of the Home Owners’ Loan Corporation , Washington , D.C. 


Authorized capital stock, as provided in subsec. (b) of sec. 4 of 

Public Law No. 43_$200, 000, 000 

Amount of such capital stock subscribed by the Secretary of the 

Treasury, on behalf of the United States- 200, 000, 000 


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